Remittances: BoG explains role of fintechs, MTOs
The Bank of Ghana (BoG) has clarified the role of FinTechs in the remittance space. In an explainer shared on the Bank’s social media handle, it emphasized that local FinTech companies authorized by the Central Bank do not mobilize foreign exchange (FX) from abroad. Instead, Money Transfer Organizations (MTOs) based abroad handle the receipt of … Read more